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Nov 19, 2012
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i'm not a gae owe political expert on places like egypt, but the whole nature of the region 45s chan has changed to some extent. we're dealing with an additional level of uncertainty. that means that whereas previously you would have had someone like egypt as a broke he, they may be more one-sided now and have opinions of their own. we can remain hopeful, but there is that risk. >> charles, thank you very much for joining us here. head of market strategy at lloyds bank wholesale banking and markets. on today's show, we'll have more on on the escalating tensions in the middle east. we'll be live in tel aviv in right around 15 minutes time for a view from the ground. switzerland is where xtrata will have a slowdown tomorrow, we'll find out why bonuses become a key point of contention. and we'll be live in athens to find out if we can finally expect resolution on the country's next tranche of aid this week. and we track a bond making an aggressive bet on recovery. that happens at 11:20 cet. president obama made a his tore rig stop in myanmar. the six hour visit marks the first for a ser
i'm not a gae owe political expert on places like egypt, but the whole nature of the region 45s chan has changed to some extent. we're dealing with an additional level of uncertainty. that means that whereas previously you would have had someone like egypt as a broke he, they may be more one-sided now and have opinions of their own. we can remain hopeful, but there is that risk. >> charles, thank you very much for joining us here. head of market strategy at lloyds bank wholesale banking...
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Nov 20, 2012
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can israel really trust egypt or turkey? martin fletcher joins us now. >> larry, it's been another day of bitter fighting between palestinians and israels. they have been continuing to bombard targets in gaza. over 110 palestinians, several hundred wounded. the palestinians at a lower pace than before. the rockets fired at israel today. no serious damage done today. successfully intercepted those rocketsment all of the attention is on the question will israel invade gaza with its army or will there be a truce. there is intense negotiations especially in the arab world. trying to get israel and hamas to agree to a truce. but the question now is what will come first? truce or a ground invasion? very close call. everyone, of course, hoping that a truce will take place but an israeli invasion is very much on the coards. >> now let's get some good analysis. we have dan, co-author of start-up nation. dan, welcome back. you know, this whole business about this discussion israel supposedly negotiating with turkey and egypt. a former
can israel really trust egypt or turkey? martin fletcher joins us now. >> larry, it's been another day of bitter fighting between palestinians and israels. they have been continuing to bombard targets in gaza. over 110 palestinians, several hundred wounded. the palestinians at a lower pace than before. the rockets fired at israel today. no serious damage done today. successfully intercepted those rocketsment all of the attention is on the question will israel invade gaza with its army or...
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Nov 22, 2012
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into egypt. now the hamas, they want israel to pull the military out. and have a complete opening of the borders. into egypt. general clark, doesn't that open the door, if that ever happened, to iranians rearming, rearming three egypt, through the sinai, rearming hamas just like they always do. >> of course, and israel can't permit that and shouldn't permit that. this is where egypt has to step up and say, we will insure that no weapons get back into gaza. that has to be worked out in stages and demonstrated. it has to be checked and verified. and israel has a continuing interest and should have a continuing right to verify that. >> do you think, general, serious, do you think that hamas, i hope i'm not being too cynical, but hamas in some sense, gained a public relations victory? is that possible? and when you talk about egypt, egypt helped them gain a public relations victory? that kind of burns the back of my neck, general. but that's kind of the way i see it. >> obviously, they are going to s
into egypt. now the hamas, they want israel to pull the military out. and have a complete opening of the borders. into egypt. general clark, doesn't that open the door, if that ever happened, to iranians rearming, rearming three egypt, through the sinai, rearming hamas just like they always do. >> of course, and israel can't permit that and shouldn't permit that. this is where egypt has to step up and say, we will insure that no weapons get back into gaza. that has to be worked out in...
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Nov 16, 2012
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this is about egypt and the 1979 peace treaty. >> right. i'm going to get back to the whole issue of the spreading war. but i'm just real interested in the assessment, ambassador williamson, welcome back, that israel can just inflict massive, permanent damage on hamas and their alleged military. >> well, larry, first of all, i think it's really important to take a step back. we've been involved in a presidential election that sucked up the oxygen. hamas is a group that's recognized as a terrorist organization by the u.s. government, the israeli government and the european union, has increased shelling in areas of israel over recent weeks. they now have shelled tel aviv and 180 missiles went into southern israel. so israel for its own self-defense, its right of self-defense is organizing, rallying more reserve troops, getting ready for more permanent action. it can and should do what's necessary to protect its citizens, which means inflicting damage on hamas. >> heavy damage, deep damage. go as long as it takes. but john, given what you and
this is about egypt and the 1979 peace treaty. >> right. i'm going to get back to the whole issue of the spreading war. but i'm just real interested in the assessment, ambassador williamson, welcome back, that israel can just inflict massive, permanent damage on hamas and their alleged military. >> well, larry, first of all, i think it's really important to take a step back. we've been involved in a presidential election that sucked up the oxygen. hamas is a group that's recognized...
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Nov 15, 2012
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. >> translator: egypt strongly condemns the killing. this is not acceptable. >> joining us to more is martin fletcher, correspondent for nbc news. hi, martin, what you can tell us, what's the latest? >> reporter: you mentioned that the u.n. called for an end to the violence. that didn't happen. the violence is continuing in a big way this morning. the area really is on a knife edge. israel's continuing its attacks in the gaza strip, but also very significantly for israel, targeting also the stockpiles of long range rockets that hamas has which threaten the central citizen in israel, in particular the bigger city tel aviv. so israel taking out those rocket piles from the air, also attacking from the sea. israel's army is poised at the border of gaza, reserves are being called up for a possible ground inflation of gaza, which i think nobody actually wants, but certainly a real possibility. at the same time, palestinian rocket attacks from gaza into israel are also continuing about 150 this morning, most of the israelis have been intercept
. >> translator: egypt strongly condemns the killing. this is not acceptable. >> joining us to more is martin fletcher, correspondent for nbc news. hi, martin, what you can tell us, what's the latest? >> reporter: you mentioned that the u.n. called for an end to the violence. that didn't happen. the violence is continuing in a big way this morning. the area really is on a knife edge. israel's continuing its attacks in the gaza strip, but also very significantly for israel,...
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Nov 21, 2012
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it is so interesting to watch the new egypt emerge here and see what their role will be throughout this and in the future. thank you, john. >>> let's look at where the markets stand right now. it is a good checkpoint here at about two minutes past 1:00 eastern time. industrials up 48 points at 12,835 and change. nasdaq higher by .5%, 2,924. s&p up 2 1/2 points at 1 $1,390.32. gold at $1,731 an ounce. oil moving a little bit higher. the january contract at $86.97, up 22 cents. brent crude at $109.93. michelle? >>> another international note on a store out of europe that we continue to watch as well. there are reports of a deal to release emergency aid to greece could come monday. we're also learning today the european central bank is satisfied with a plan to recapitalize greek banks. that's going to be a key part of any kind of international bailout to get that country back up on its feet. >>> now to shopping an retail. of course it takes center stage this week. before we get to what retailers are hoping for, fearful of, and promising for this crucial holiday shopping season, let's look
it is so interesting to watch the new egypt emerge here and see what their role will be throughout this and in the future. thank you, john. >>> let's look at where the markets stand right now. it is a good checkpoint here at about two minutes past 1:00 eastern time. industrials up 48 points at 12,835 and change. nasdaq higher by .5%, 2,924. s&p up 2 1/2 points at 1 $1,390.32. gold at $1,731 an ounce. oil moving a little bit higher. the january contract at $86.97, up 22 cents. brent...
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Nov 15, 2012
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it will endanger israel's relations with egypt if they do this. but at the same time, they say it's what we have to do if we -- it may be what we have to do to achieve our goal of stopping palestinians from firing rockets inside israel. 850 rockets fired this year. >> martin, thank you for keeping us updated. you keep safe as well. >>> next here on "street signs" -- we plot out your fiscal cliff portfolio with the head of schwab advisors. >>> the big warning about energy drinks. another popular brand could be linked to multiple deaths. that story straight ahead. sometimes investing opportunities are hard to spot. you have to dig a little. fidelity's etf market tracker shows you the big picture on how different asset classes are performing, and it lets you go in for a closer look at areas within a class or sector that may be bucking a larger trend. i'm stephen hett of fidelity investments. the etf market tracker is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea. >>>
it will endanger israel's relations with egypt if they do this. but at the same time, they say it's what we have to do if we -- it may be what we have to do to achieve our goal of stopping palestinians from firing rockets inside israel. 850 rockets fired this year. >> martin, thank you for keeping us updated. you keep safe as well. >>> next here on "street signs" -- we plot out your fiscal cliff portfolio with the head of schwab advisors. >>> the big warning...
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Nov 17, 2012
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not long after, air raid sirens went off in jerusalem, and egypt sends its prime minister to the gaza strip in a show of solidarity with the -- and did general petraeus pull a 180 degree turn in testimony today? in september he said it was videos and spontaneous demonstrations. today he said the cia knew all along it was a terrorist attack in libya. this story gets worse and worse, more and more complicated and we are going to parse through it. first up, with the fiscal cliff only 45 short days away, are we facing a stalemate or is there a new kissy huggy era coming to washington, d.c.? we've got two kissy huggy cnbc contributors. jared bernstein, former vice president, biden chief economist, and kissy huggy jim pethokoukis of the american enterprise institute. jimmy p., i love this new washington picture. and i don't want to be pessimistic. i want to be optimistic. maybe they can make a deal. but here's what i worry about, jimmy. here's what i fear. the republicans are conceding that they'll give a revenue -- a tax revenue portion by limiting deductions. but i don't see any spending
not long after, air raid sirens went off in jerusalem, and egypt sends its prime minister to the gaza strip in a show of solidarity with the -- and did general petraeus pull a 180 degree turn in testimony today? in september he said it was videos and spontaneous demonstrations. today he said the cia knew all along it was a terrorist attack in libya. this story gets worse and worse, more and more complicated and we are going to parse through it. first up, with the fiscal cliff only 45 short days...
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Nov 21, 2012
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this apparently was egypt's idea and secretary clinton congressmened mohammed morsi on what he has done, the constructive involvement he's had in this process, essentially brokers where they are now. but important to note this is a cease fire. it goes into effect in an hour and 20 minutes, but this is not a comprehensive deal. this doesn't address a lot of palestinian concerns about the blockade or their quality of life or for the israeli's safety and security in the future about these rockets that have been coming out of gaza. >> comes on a day obviously when we were looking at pictures of that bus bombing in h tel aviv. >> exactly. that's incredibly disconcerting for the people of this city. tas scene they've been many times before, but there hasn't been a bus bomb ng israel since 2004 or a terrorist attack since 2006 and seeing that scene on the ground today will be all too familiar for people. the problem is instead of rockets coming in, you're talking about people among us attacking us, it is a very disconcerting proposition, but those two events, the cease fire and this bomb this
this apparently was egypt's idea and secretary clinton congressmened mohammed morsi on what he has done, the constructive involvement he's had in this process, essentially brokers where they are now. but important to note this is a cease fire. it goes into effect in an hour and 20 minutes, but this is not a comprehensive deal. this doesn't address a lot of palestinian concerns about the blockade or their quality of life or for the israeli's safety and security in the future about these rockets...
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Nov 19, 2012
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right now that president obama has indeed called israeli prime minister benjamin netanyahu, as well as egypt's president mohamed morsi ostensibly to discuss ways to get a cease-fire in the middle east. israeli inner cabinet is meeting as we speak. ayman, what is the latest live? gaza? >> reporter: well, there's a flurry of diplomatic activity all across the region. we understand that israel's top security officials known as the inner cabinet that includes the prime minister, the defense minister and other important figures are going to be convening within the hour to have a meeting to discuss possible offers that have been made by egyptian mediators regarding the truce coming out of gaza and their response to those offers coming out of egypt. more importantly, they're also going to chart what course of action the israeli government will undertake if indeed they reject or accept that truce offer. there are 30,000 soldiers that have been amassed across the border, 75,000 called up from the reservists. many people feel that's an ominous sign a ground invasion is eminent if indeed these truce talk
right now that president obama has indeed called israeli prime minister benjamin netanyahu, as well as egypt's president mohamed morsi ostensibly to discuss ways to get a cease-fire in the middle east. israeli inner cabinet is meeting as we speak. ayman, what is the latest live? gaza? >> reporter: well, there's a flurry of diplomatic activity all across the region. we understand that israel's top security officials known as the inner cabinet that includes the prime minister, the defense...
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Nov 16, 2012
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egypt is under fresh frpressuree americans. but clearly we're still in a situation where egyptian foreign policy is still evolving. so we're not quite sure what the rule of the games are. >> are you surprised there hasn't been more of a reaction in the markets? >> not at this stage. hartwe'll comment about how it will play out is accurate because we don't know with respect to the new administration. but there is potentially a chance it might direct israeli government thinking towards the idea that just constant cycle and recycle of violence doesn't solve the problem. there have baeen countless strikes since 1967. it doesn't solve anything and also doesn't make iz rally citizens any safe p. the idea that there are extare strategic installations, it's shenksly a big refugee camp. it almost seems overplaying it. so the influence of the egyptian government could be potentially benign. it may have put more restrained response and the idea that there might be some peace initiative. >> david, do you agree the situation could be more b
egypt is under fresh frpressuree americans. but clearly we're still in a situation where egyptian foreign policy is still evolving. so we're not quite sure what the rule of the games are. >> are you surprised there hasn't been more of a reaction in the markets? >> not at this stage. hartwe'll comment about how it will play out is accurate because we don't know with respect to the new administration. but there is potentially a chance it might direct israeli government thinking...
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Nov 14, 2012
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we saw egypt pull the ambassador from israel. and this is not the normalal lobbing missiles back and forth. this is something very different. i bought oil on this. i bought rent oil and that is the way to play it. >> what are other plays? >> i was surprised oil didn't give us more. this was a meager response when there is a box in syria and we are not seeing a bid to oil and commodities. cftc longs in the commodity space are three-month lows. copper is a space i want to sniff around. >> house speaker boehner is speaking responding to the president. >> united and focusing on their top priority which is jobs. i'm proud of my leadership colleagues who have been elected today to serve as our leaders of the next conference. while we have some of us returning to the leadership we have new members. and you will get to hear from them in a moment. our majority is a primary line of defense for the american people against the government that spends too much, borrows too much and left unchecked. i have outlined a framework for how both parti
we saw egypt pull the ambassador from israel. and this is not the normalal lobbing missiles back and forth. this is something very different. i bought oil on this. i bought rent oil and that is the way to play it. >> what are other plays? >> i was surprised oil didn't give us more. this was a meager response when there is a box in syria and we are not seeing a bid to oil and commodities. cftc longs in the commodity space are three-month lows. copper is a space i want to sniff...
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Nov 22, 2012
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the two sides agreed yesterday to abide by an egypt brokered peace deal after eight days of fighting that left 130 palestinians and five israelis dead. overnight, thousands poured on to the streets to celebrate. joining us from tel aviv is m martin fletcher. martin, what is it like there did today following the cease fire and what hopes are there? >> well, those scenes you just saw in gaza, the celebration, you did at any time see that here in israel. there's a sense here there is nothing much to celebrate. the cease fire took effect 9:00 last night, israel time. so at least so far so good. it's all quiet. but the israelis have not yet sent for instance their children back to school, they said let's wait and see whether the cease fire real holds, whether there really will be no more rockets from gaza. at the same time, the israeli army which called up about 30,000 reserves, they're still on duty at the border. but they'll probably withdraw those reserves soon. the issue really although they reached a cease-fire, israel won't be launching a ground invasion of gaza. palestinians will s
the two sides agreed yesterday to abide by an egypt brokered peace deal after eight days of fighting that left 130 palestinians and five israelis dead. overnight, thousands poured on to the streets to celebrate. joining us from tel aviv is m martin fletcher. martin, what is it like there did today following the cease fire and what hopes are there? >> well, those scenes you just saw in gaza, the celebration, you did at any time see that here in israel. there's a sense here there is nothing...
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. >>> hillary clinton joins egypt in attempting to broke aerodeal between israel and hamas. strikes on gaza and rocket attacks into israel continue. >> you're watching "worldwide exchange," bringing you business news from around the globe. >>> all right, we're into hump day, the day before thanksgiving, of course, as well. on today's show, we'll have updates from athens and brussels as the eurozone ministers fail to ruse a deal for greece. air strikes and rocket fire continue in the gaza strip in tel aviv, as hillary clinton urges both sides to diffuse violence. we'll have the latest live from zree israeli. we'll also take the pulse of the polish country. analysts from warsaw 40 minutes from now. >>> we'll be in providence, rhode island, to preview travel ahead of the thanksgiving holiday with the head of operations at peter pan bus lines. >>> but first, after nearly 12 hours of talks, eurozone finance ministers have failed in their quest to agree conditions that would have allowed the next chance of bailout cash going to greece. what's next? what's gone wrong? we'll be join
. >>> hillary clinton joins egypt in attempting to broke aerodeal between israel and hamas. strikes on gaza and rocket attacks into israel continue. >> you're watching "worldwide exchange," bringing you business news from around the globe. >>> all right, we're into hump day, the day before thanksgiving, of course, as well. on today's show, we'll have updates from athens and brussels as the eurozone ministers fail to ruse a deal for greece. air strikes and...
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Nov 20, 2012
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coming from cairo where egypt's president mohammad speaking to mourners saying egypt was passing through difficult days but there could be light at the end of the tunnel and referred to the truce that may be taking place in egypt. he said that the aggression on gaza would end on tuesday. didn't give details about that agreement. reports coming out of israel citing officials on israel radio that a truce could be announced as late as tuesday night this evening with the arrival of u.s. secretary of state hillary clinton. that's what's happening outside of gaza. here in gaza it still feels like a war footing. in the last couple of hours the iz rally israelis have warned of imminent attacks on homes and neighborhoods and forcing people to leave their cities and move into central gaza and an indication that a ground invasion may be imminent if a truce is not sealed within the next couple of hours. you can get a sense there's a great sense of fear among ordinary people of gaza that in coming hours it could go either one of two ways. people are hoping it will be a truce but there's no doubt with
coming from cairo where egypt's president mohammad speaking to mourners saying egypt was passing through difficult days but there could be light at the end of the tunnel and referred to the truce that may be taking place in egypt. he said that the aggression on gaza would end on tuesday. didn't give details about that agreement. reports coming out of israel citing officials on israel radio that a truce could be announced as late as tuesday night this evening with the arrival of u.s. secretary...
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Nov 14, 2012
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the israeli ambassador will be leaving egypt within a few hours. this attack in gaza is becoming an international event, which could threaten to make the region even more volatile. >> martin fletcher, thank you very much. maria. >> well, the attack having a major impact on the oil market today. we're watching prices move up. bertha coombs is here with that angle. over to you. what can you tell us? >> as those headlines cross, and in particular the headlines coming from israel that this was the beginning of a prolonged effort to combat hamas. that is what september oil spiking up 1% on a day when after poor retail sales, we really were seeing not much movement at all. traders are saying this definitely puts the geo political risk on the table as martin describes. the fact this could spread and cause more destabilization in the area. what they look for as well, this is not an oil producing area. this could spread. what it means if israel is willing to act so forcefully with regard to israel, perhaps, and iran. that is the big picture and what would r
the israeli ambassador will be leaving egypt within a few hours. this attack in gaza is becoming an international event, which could threaten to make the region even more volatile. >> martin fletcher, thank you very much. maria. >> well, the attack having a major impact on the oil market today. we're watching prices move up. bertha coombs is here with that angle. over to you. what can you tell us? >> as those headlines cross, and in particular the headlines coming from israel...
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Nov 21, 2012
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those will be anchored and supported and guaranteed by egypt and the united states to try to resolve the key demands on both sides. the sticking points are still hamas wants the blockade of gaza lifted immediately. israel wants an immediate end to all weapons smuggling. neither of those demands will be reached today. that's going to take some time. but at least both sides have agreed in principle to these demands and that they need to be worked out. as a result, mandy, there's a collective sigh of relief in this troubled region tonight. back to you. >> thank you very much for the update. >>> let's get down to sharon eper southern at the nymex. as you might imagine, there's been some movement in the energy market. >> definitely. a collective sigh of relief perhaps but traders are still wary. we are still looking at some geopolitical risk premium that remains in this market, though oil is well off of the high. we saw at the beginning of the week and off of the gains we saw earlier in this session. as traders try to weigh what this cease-fire really means in terms of the fact that there
those will be anchored and supported and guaranteed by egypt and the united states to try to resolve the key demands on both sides. the sticking points are still hamas wants the blockade of gaza lifted immediately. israel wants an immediate end to all weapons smuggling. neither of those demands will be reached today. that's going to take some time. but at least both sides have agreed in principle to these demands and that they need to be worked out. as a result, mandy, there's a collective sigh...
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Nov 15, 2012
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israel sent its ambassador home from egypt saying it was planned of course. who knows. i think it's a serious moment and at play of course is the peace agreement between israel and egypt. another reason hamas felt safer because they felt israel would do anything at all to not provoke egypt into abandoning peace. so very serious. >> martin fletcher, thank you for your great report. you're the best in the business. >> a fascinating report. thank you, martin. >>> back to some business here in the united states. with a week to go before the official kickoff to holiday shopping season, it is a big day for retail today. we'll be getting quarterly results from walmart, target, both of these companies before the bell. john lawrence covers the sector for stevens. john, first of all, what can we expect from these two companies with the earnings coming out and what are you seeing with how americans are feeling as we head into the crucial retail season? >> certainly in the case of walmart i think we'll see that they're very bullish on what they've been able to do in the marketplace
israel sent its ambassador home from egypt saying it was planned of course. who knows. i think it's a serious moment and at play of course is the peace agreement between israel and egypt. another reason hamas felt safer because they felt israel would do anything at all to not provoke egypt into abandoning peace. so very serious. >> martin fletcher, thank you for your great report. you're the best in the business. >> a fascinating report. thank you, martin. >>> back to some...
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Nov 19, 2012
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the other thing that's so different this time around is the role of egypt is completely different because the arab spring has happened. we used to kind of know where -- we knew exactly where hose any mubarak stood. >> are they a mediator? an instigator? >> i don't think they know. >> they're trying to figure out their role. i'm not trying to minimize what's going on but i think traders are using this as an excuse to bid oil prices higher. we're not at a point we're seeing evidence that you can see a cut-off in oil supplies, especially for new york oil. >> that's ultimately the question. will there be a disruption? what series of events would occur to stop the flow of oil? >> suez canal, wherever it is, we're not there yet but trading it up just in case -- >> it ignites something wider. >> our own oil market in new york trades more on our economic fundamentals and tends to follow brent, not the other way around these days. brent's been going higher. >> london brent is far more influenced than by what's going on in texas. >> you bet it is. as the oil market goes, lately, the stock market ha
the other thing that's so different this time around is the role of egypt is completely different because the arab spring has happened. we used to kind of know where -- we knew exactly where hose any mubarak stood. >> are they a mediator? an instigator? >> i don't think they know. >> they're trying to figure out their role. i'm not trying to minimize what's going on but i think traders are using this as an excuse to bid oil prices higher. we're not at a point we're seeing...
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focusing more on cairo, egypt. that's where intense negotiations are taking place as we understand it. egypt is trying to mediate a truce between palestinian factions and israel. hamas made clear it feels it is in the driver's seat here. it says it will not lay down its arms or stop firing rockets until israel blocks on the territory. it is securing guarantees from israel lit not target hamas or any other palestinian leaders as it did on wednesday p when it killed senior member of hamas' military wing. the israelis say that it is in the driver's seat. it would not stop its aerial assault and not stop possible ground invasion unless hamas halts all rocket fire into southern israel. obviously you can imagine difficult road ahead. right now egypt is meeting with other key players in the region. including the prime minister of turkey, u.n. secretary general moon as well as the prime minister. intense negotiations to avert a ground war in the coming day. >> entire world watching. thank you very much. >>> when we come ba
focusing more on cairo, egypt. that's where intense negotiations are taking place as we understand it. egypt is trying to mediate a truce between palestinian factions and israel. hamas made clear it feels it is in the driver's seat here. it says it will not lay down its arms or stop firing rockets until israel blocks on the territory. it is securing guarantees from israel lit not target hamas or any other palestinian leaders as it did on wednesday p when it killed senior member of hamas'...
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Nov 15, 2012
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. >> if they go to war, though, that brings in also egypt, its new president supports hamas as well as iran. iran funds and arms hamas. so that doesn't seem like anything that israel would want to do. so at this point, where do you place the odds of there actually being a conflict? >> pretty high. firstly, the egyptian president decided that he wasn't going to -- he was going to go and support hamas. on the other hand, the egyptian army has sent forces to the gaza border, putting a blockade in position, and seems to have been carrying out operations against islamists in sinai. so that tells us that the army is a lot more powerful than the president, and also is kaumg. as for ir -- calming. iran has a long way away, having problems in iraq with its financial situation what it is. they're not worried about this. this is going to be israel and hamas and that's tough enough. >> so the f the odds are pretty high in your view, is a disruption to oil supplies, is that pretty much a foregone conclusion? >> only if the trade rers as rational as they usually are. this is not going to be spreadin
. >> if they go to war, though, that brings in also egypt, its new president supports hamas as well as iran. iran funds and arms hamas. so that doesn't seem like anything that israel would want to do. so at this point, where do you place the odds of there actually being a conflict? >> pretty high. firstly, the egyptian president decided that he wasn't going to -- he was going to go and support hamas. on the other hand, the egyptian army has sent forces to the gaza border, putting a...
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that's the same group that took power in egypt and the group that gave birth to hamas. jordan is still ruled by king abdullah. the muslim brotherhood has made it clear they'd like him to go. >>> we got a nice rally under way here, bertha. >> nasdaq 100, qqqs are the best performers today and among the best advancers is green mountain coffee. of course this is a huge short position. some 39%. this looks a little bit like a technical rally here. the company's stock has moved above its 50-day moving average. it's been just below that over the last couple of weeks and about $1 above that now. >>> red states versus blue states. is your town a state about to fall off the fiscal cliff? steve leisman has the maps that will show us which states and counties stand to get hit the hardest by potential federal spending cuts. everything is bigger in texas. including the strategy for taking down this building. we'll show you what happened when the engineers pushed the plunger. that's next. >>> if congress drifts u.s. economy off the fiscal cliff, the department of education's 2013 bud
that's the same group that took power in egypt and the group that gave birth to hamas. jordan is still ruled by king abdullah. the muslim brotherhood has made it clear they'd like him to go. >>> we got a nice rally under way here, bertha. >> nasdaq 100, qqqs are the best performers today and among the best advancers is green mountain coffee. of course this is a huge short position. some 39%. this looks a little bit like a technical rally here. the company's stock has moved above...
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>> yeah, i mean, well, the only good thing is there's no oil in gaza, egypt or israel really. steve is saying if it's a conflagration in the entire mideast, obviously we're not energy independent yet, trying to get there. i don't think it's going to get that far. i think they're testing the political waters here and seeing how we position ourselves. >> the other issue that keeps rising for the markets is what's happening in europe. we have seen today that cypress is on the verge of running out of money. we've seen it with greece and we think at least the market collectively seems to think things have improved to the point where we are giving this breathing room. the problem is there even if the european central bank bought some time. steve why has it sat on the backburner so long? >> all they do is buy time and for the first time since the 1930s, all of these countries, most of them are raising taxes in the face of a declining economy, which is insign. japanese are doing the same thing. you know it's happening in france, 75% tax rate piling on taxes on business, capital gains,
>> yeah, i mean, well, the only good thing is there's no oil in gaza, egypt or israel really. steve is saying if it's a conflagration in the entire mideast, obviously we're not energy independent yet, trying to get there. i don't think it's going to get that far. i think they're testing the political waters here and seeing how we position ourselves. >> the other issue that keeps rising for the markets is what's happening in europe. we have seen today that cypress is on the verge of...
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. >> i don't want to contradict you, but the analysis earlier on the network was with egypt and israel you're not going to interrupt the flow of oil, and therefore it isn't an oil event and therefore arguably not a market event. >> it may not be an oil event but i think it is clearly a global event that's going to cause investors to get nervous. what people get nervous, the first thing they want to do is feel safe. they want their money. >> kenny, we'll get back to you in a minute. >>> this one's going to cause a lot of outrage, i promise. the nation heading toward the edge of that fiscal cliff with sky-high deficits. while there's talk of cuts, cuts, cuts, a new report out today on waste in the federal government. eamon javers has details in washington. eamon? >> well, the new report is out from senator tom coburn, a republican from oklahoma up on capitol hill. in the report he accuses the department of defense of really becoming the department of everything. he says the pentagon's wasting a lot of money and he's found examples in the pentagon spending money on things like a study for
. >> i don't want to contradict you, but the analysis earlier on the network was with egypt and israel you're not going to interrupt the flow of oil, and therefore it isn't an oil event and therefore arguably not a market event. >> it may not be an oil event but i think it is clearly a global event that's going to cause investors to get nervous. what people get nervous, the first thing they want to do is feel safe. they want their money. >> kenny, we'll get back to you in a...
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and yet crude's off 30 cents. >> in its own perverse way, the key countries are gaza, israel, and egypt which is somewhat destabilized by who's going on, are not really oil producers. we know it's the region and if you begin to hear threats popping up from iran and others that israel had better mind its ps and qs. we'll watch and see how it goes. >> republicans on the house panel investigating the clams of mf global are pinning the blame squarely on ceo jon corzine. >>> plus a group of america's healthy are pleading to be taxedmore. the so called patriotic millionaires on their second day of a two-day congress fenferenc. we'll see what garrett gruner says on taxation, he's worth nearly $100 million. that's next. [ male announcer ] when it comes to the financial obstacles military families face, we understand. at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] ♪ [ male announcer ] life brings obstacles. usaa br
and yet crude's off 30 cents. >> in its own perverse way, the key countries are gaza, israel, and egypt which is somewhat destabilized by who's going on, are not really oil producers. we know it's the region and if you begin to hear threats popping up from iran and others that israel had better mind its ps and qs. we'll watch and see how it goes. >> republicans on the house panel investigating the clams of mf global are pinning the blame squarely on ceo jon corzine. >>>...
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and they have been brought into discussions with egypt and other major players in the world and region and they feel this has given them the legitimacy that they deserve. >> stephanie, thanks for that from tel aviv. mario draghi says building an overitem body around the ecb is the most practical solution. speaking at the euro finance conference, he said there needs to an legal basis for banking supervision. business sentiment in germany has risen a little bit more than expected quelling some fears that the powerhouse of the eurozone economy may be suffering from the impact of the crisis. its first increase in eight months. just over 101.4. in the united states, a half day of trading today post the thanksgiving holiday. is the dow due for a santa rally? we'll talk about it when we come back. [ female announcer ] the power to become a better investor has gone mobile. with features like scanning a barcode to get detailed stock quotes to voice recognition. e-trade leads the way in wherever, whenever investing. download the ultimate in mobile investing apps, free, at e-trade. ♪ you can st
and they have been brought into discussions with egypt and other major players in the world and region and they feel this has given them the legitimacy that they deserve. >> stephanie, thanks for that from tel aviv. mario draghi says building an overitem body around the ecb is the most practical solution. speaking at the euro finance conference, he said there needs to an legal basis for banking supervision. business sentiment in germany has risen a little bit more than expected quelling...
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doing in the area and the fact that there does not appear to be any cease-fire on the horizon although egypt's prime minister is in gaza today urging some international cooperation. we're also looking at the fact that oil prices here in the u.s. have basically erased this week's losses because of the gains that we're seeing currently in the oil complex. we're also hearing reports about iraqi enjoy saying that arabs should use oil to press israel over gaza. those headlines helping to cause this bid in the oil complex. in the gold market, we've seen steady declines over the last several sessions and now a little bit of stabilization in the gold market. there are concerns based on the world gold council report about demand particularly out of china. we've seen the cme lower margins for gold and silver so that may have an impact on the trading activity from here. carl, back to you at the white house. >> all right. thanks so much. in a half hour from now the president will hold key meeting with top congressional leaders on solving the fiscal cliff. we'll be over this crit aleveic event. both sides
doing in the area and the fact that there does not appear to be any cease-fire on the horizon although egypt's prime minister is in gaza today urging some international cooperation. we're also looking at the fact that oil prices here in the u.s. have basically erased this week's losses because of the gains that we're seeing currently in the oil complex. we're also hearing reports about iraqi enjoy saying that arabs should use oil to press israel over gaza. those headlines helping to cause this...
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i fear, too, you said egypt. egypt now is an entirely different country. it's governed by morsi, a member of the muslim brotherhood and also for our american viewers he's a member of the muslim brotherhood between hamas in palestinian can territories and the muslim brotherhood. morsi is between a rock and a hard place. he's under tremendous pressure and also his relationship with the united states. that's why i believe that egypt has a very constructive role to play in the deescalation. >> we'll see how that plays out. i hate to interrupt, but we have a lot going on. thank you very much. fawaz gerges. of course, we'll have you back. let's go to asia where president obama is on a historic tour this morning. his first stop is thailand. we'll tell you why this trip sets him apart from other u.s. presidents. [ female announcer ] beef, meet flavor boost. flavor boost, meet beef. it's swanson flavor boost. concentrated broth to add delicious flavor to your skillet dish in just one stir. mmm! [ female announcer ] cook, meet compliments. get recipes at flavorboost
i fear, too, you said egypt. egypt now is an entirely different country. it's governed by morsi, a member of the muslim brotherhood and also for our american viewers he's a member of the muslim brotherhood between hamas in palestinian can territories and the muslim brotherhood. morsi is between a rock and a hard place. he's under tremendous pressure and also his relationship with the united states. that's why i believe that egypt has a very constructive role to play in the deescalation....
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it's also threatening security and peace in egypt and the egyptian territory. we have to remember just about two months ago in the high holiday of ramadan, the muslim holiday, terrorists murdered cold blooded 16 egyptian soldiers so the terror from hamas in gaza easily spills over into sinai. >> the israeli deputy foreign minister danny ayalon, take a look at your screen. these are live pictures, by the way, that you're looking at. an explosion in gaza city just after 4:00 in the afternoon there. we've been speaking to our sara sidner in gaza. she was telling us earlier that hamas police headquarters had been hit and showing us the damage there. she said the explosions continue. the streets are pretty well deserted except for a few cars here and there. certainly drones in the sky as well. the death toll, she told us, was up to about 39 in gaza, so once again here you can see smoke filling the air in gaza city just after 4:00 in the afternoon. some live pictures we'll keep an eye on for you. next up, the other side of the story from a member of the palestinian l
it's also threatening security and peace in egypt and the egyptian territory. we have to remember just about two months ago in the high holiday of ramadan, the muslim holiday, terrorists murdered cold blooded 16 egyptian soldiers so the terror from hamas in gaza easily spills over into sinai. >> the israeli deputy foreign minister danny ayalon, take a look at your screen. these are live pictures, by the way, that you're looking at. an explosion in gaza city just after 4:00 in the...
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remember, gaza shares a common border with egypt and it's a very important connection. so you get the egyptians, you get the turks, the qataris, maybe the saudis to weigh in and the israelis to provide the space and time to allow this diplomacy to take hold, and maybe, although nobody ever lost money betting against arab-israeli peace, maybe, just maybe, you can get out of this. >> aaron david miller. thank you, sir. >> always a pleasure, don. >>> cyberspace is part of the israel-hamas battleground. ahead, how both sides are pushing their messages on twitter and other social media. two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >>> i want you to take a look
remember, gaza shares a common border with egypt and it's a very important connection. so you get the egyptians, you get the turks, the qataris, maybe the saudis to weigh in and the israelis to provide the space and time to allow this diplomacy to take hold, and maybe, although nobody ever lost money betting against arab-israeli peace, maybe, just maybe, you can get out of this. >> aaron david miller. thank you, sir. >> always a pleasure, don. >>> cyberspace is part of the...
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this will be pressure from egypt. there will be pressure from turkey and qatar, the three countries that are the most sympathetic to hamas, because don, i think the fear is warranted. it is not the last time we'll see the conflict between israel and the palestinians. hamas is leading the palestinian people to ruin, hamas must be seen to be a rogue regime. because it is under the palestinian national authority. >> i want to go back to something you said about the president's indifference. do you think it would behoove the president to get involved and trying to solve this crisis? is it even possible to find a solution in the next four years? that question is really asked of every president. >> i think you're absolutely right, from truman, if you want the history, to george bush, people talked about solving the crisis. president obama actually kind of turned away from the region, from the conflict. but now there is noise to do what he can do in the second administration, not the first. it always frustrates american pres
this will be pressure from egypt. there will be pressure from turkey and qatar, the three countries that are the most sympathetic to hamas, because don, i think the fear is warranted. it is not the last time we'll see the conflict between israel and the palestinians. hamas is leading the palestinian people to ruin, hamas must be seen to be a rogue regime. because it is under the palestinian national authority. >> i want to go back to something you said about the president's indifference....
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the historic ties between egypt and gaza in particular and egypt ruled gaza for something like 19 years or so. so, of course, there is a sense of outrage in egypt and anyway, we should remember it was never good between egypt and israel even under mub abak, but what the israelis now miss is sulaiman and the vice president of mubarak. he was tied to israeli intelligence. what kind of proximity and that kind of affinity is gone and what you have in hamas now is the sense that there is an islamist wage in the region and they see the islamist government in tunisia and they look around and see turkey hovering over the region with an islamist government and they feel the wind is blowing their way. >> do you think it is blowing their way? >> not at all because in the end the hamas people would be fooling themselves and the palestinians would pay the price for this kind of folly because the arab world is not going to march to the tune of hamas. the saudi monarchy, if you listen to what's happening and what's coming out of saudi arabia, the only thing the saudi monarch said was we need the rule
the historic ties between egypt and gaza in particular and egypt ruled gaza for something like 19 years or so. so, of course, there is a sense of outrage in egypt and anyway, we should remember it was never good between egypt and israel even under mub abak, but what the israelis now miss is sulaiman and the vice president of mubarak. he was tied to israeli intelligence. what kind of proximity and that kind of affinity is gone and what you have in hamas now is the sense that there is an islamist...
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egypt's role in this conflict growing as many countries tout egypt as the potential peacemaker in all of this. straight to reza sayah in cairo for us. so today, reza, the egyptian leadership met with hamas. a group the u.s. classifies as a terrorist organization. should washington be concerned about egypt's role in this conflict? >> reporter: well, first off, we should point out that at this point it is not clear what egypt's role is in this conflict. it is not clear if what we're hearing is rhetoric or something behind the rhetoric. i think egypt's role will be clearer and clearer in the coming days and weeks. as far as the question whether washington should be worried, it depends how you process and digest all these developments. if someone sitting in washington and they buy into this very fiery rhetoric, sure, they could be concerned. rhetoric has been tough. rhetoric in tough condemnation by mohamed morsi. if you look at what is happening beyond the rhetoric, you can say egypt has not taken any steps that can be viewed as extreme or radical, certainly haven't taken up arms against
egypt's role in this conflict growing as many countries tout egypt as the potential peacemaker in all of this. straight to reza sayah in cairo for us. so today, reza, the egyptian leadership met with hamas. a group the u.s. classifies as a terrorist organization. should washington be concerned about egypt's role in this conflict? >> reporter: well, first off, we should point out that at this point it is not clear what egypt's role is in this conflict. it is not clear if what we're hearing...
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there have always been historic ties between gaza and egypt. egyptians are very sensitive to everything that goes on in gaza. >> many tunnels from egypt go into gaza to get supplies. >> absolutely. in fact, under mubarak it was much easier because mubarak couldn't care less about hamas. this is a very different issue here, because the muslim brotherhood in egypt really is the mothership, if you will, of hamas and other such organizations. but what will the egyptians do. they have recalled their ambassador from israel and they have told their people that look, president morsi is talking to president obama about bringing the fighting to a halt so that's one thing that we can look forward to. one thing that's very important, tomorrow is friday. there has already been calls for massive demonstration, a million people march, in cairo against the israelis. i think this will be the one country and the one theater to watch. >> fuad, thank you. sara, stay safe. thank you very much. let us know what you think. >>> up next, former cia director david petra
there have always been historic ties between gaza and egypt. egyptians are very sensitive to everything that goes on in gaza. >> many tunnels from egypt go into gaza to get supplies. >> absolutely. in fact, under mubarak it was much easier because mubarak couldn't care less about hamas. this is a very different issue here, because the muslim brotherhood in egypt really is the mothership, if you will, of hamas and other such organizations. but what will the egyptians do. they have...
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egypt's relations with hamas strengthened. but the new administration in that country. protesters in turkey set an israeli flag and photo of benjamin netanyahu ablaze during a demonstration last night. let's go now to the israeli side of the border as we've been reporting israeli tanks and troops have been taking up position there's. cnn's reporter joins us live from the border. fred, thanks for joining us. what you are seeing in the terms of military activity where you are? >> reporter: hi, gary. there is a lot of military activity on this side of the border as well. a lot of it has to do with the big military buildup that's going on here. look at the roads around the area of gaza, a lot of them have been blocked off. they're not accessible anymore to normal people that want go to go through there they're a military operation zone. you're seeing a lot of military hardware on the road, usually on the back of trucks. we see a lot of tanks being delivered here, a lot of armored personnel carriers. what's going on is all this hardware is brought to collection area as well
egypt's relations with hamas strengthened. but the new administration in that country. protesters in turkey set an israeli flag and photo of benjamin netanyahu ablaze during a demonstration last night. let's go now to the israeli side of the border as we've been reporting israeli tanks and troops have been taking up position there's. cnn's reporter joins us live from the border. fred, thanks for joining us. what you are seeing in the terms of military activity where you are? >> reporter:...
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they want to test egypt and they're winning. egypt is supporting them. qatar is supporting them, turkey is supporting them. this is what's so dangerous about this. this makes the likelihood of peace in the middle east much harder and it empowers gaza and weakens the palestinian authority and i agree with nick that it would be best that the palestinians and israelis sat down and treed to work it out among themselves, but this all relates to the big picture. and you've been to syria and it's an absolute basket case. >> and it is heartbreaking. you see these middle class -- i talked to one woman who a week ago was living this middle class existence with her husband and a nice home in aleppo and a bomb destroys her house and now her husband goes missing and she's living with her family in a white tent in the middle of nowhere. this is happening day in and day out and i think the turmoil in gaza is a gift of president assad. it's a kind of distraction that he's delighted to have. >> the world in the arab community is paying more attention to 30 people being k
they want to test egypt and they're winning. egypt is supporting them. qatar is supporting them, turkey is supporting them. this is what's so dangerous about this. this makes the likelihood of peace in the middle east much harder and it empowers gaza and weakens the palestinian authority and i agree with nick that it would be best that the palestinians and israelis sat down and treed to work it out among themselves, but this all relates to the big picture. and you've been to syria and it's an...
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meanwhile, egypt and president mohamed morsi say discussions are under way in cairo and arab league foreign ministers are set to visit gaza on tuesday. violence has become a daily nightmare for people living in gaza. anderson cooper joins us now. take us to the ground and what's going on. what you seeing and hearing? >> it's about 2:00 a.m. here. we have heard a number of large explosions this evening. just a few in the last hour or so. this is generally the time when the strikes actually intensify. that's what we have seen over the last several nights. you can hear drones circling overhead, over gaza city as they have been since the conflict began. it's a constant sound, a constant reminder of the israeli forces watching the city. as you mentioned there was a strike. the israeli military said was a house owned by a hamas commander of an artillerary unit, initially, they said they killed that commander and then walked that back and said they couldn't be clear if he was at the house at the time. ten members of another family were staying at the house. they were all killed. our arwa damon was
meanwhile, egypt and president mohamed morsi say discussions are under way in cairo and arab league foreign ministers are set to visit gaza on tuesday. violence has become a daily nightmare for people living in gaza. anderson cooper joins us now. take us to the ground and what's going on. what you seeing and hearing? >> it's about 2:00 a.m. here. we have heard a number of large explosions this evening. just a few in the last hour or so. this is generally the time when the strikes actually...
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>> i think president morsi of egypt plays a critical role. he and his government are, as we speak, trying to broker a cease-fire. he is being aided and supported in these efforts by important arab players such as the prime minister of turkey, the crowned prince of qatar and cairo. even the tunisian prime minister that's visited gaza, and this is a muslim brotherhood president who has very close ties to hamas and, therefore, he is a valid interlocuture. >> i don't think they want to see a ground war or an extension of this conflict because it will destabilize an already destabilized region, especially considering what's happening in syria. >> ambassador let's talk about israeli politics as former ambassador to israel, you know the political system there well. we just finished our election. there's an election coming up in january. how much of this could possibly be the prime minister showing the strength of his administration as he stands there at the boarder? >> i think there's an element of that. i think the first thing is the fact that the
>> i think president morsi of egypt plays a critical role. he and his government are, as we speak, trying to broker a cease-fire. he is being aided and supported in these efforts by important arab players such as the prime minister of turkey, the crowned prince of qatar and cairo. even the tunisian prime minister that's visited gaza, and this is a muslim brotherhood president who has very close ties to hamas and, therefore, he is a valid interlocuture. >> i don't think they want to...
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though the egyptian government never told the people of egypt how important this was to maintain this peaceful relationship, and we don't have that right now. i think the prime minister of egypt -- not morsi, but the prime minister went to gaza, high-ranking person went to gaza last week, met with them. they've expressed all kinds of sympathy. certainly the senate passed a resolution last week unanimously that's in line with what the congressman just said about the right to defend yourselves, but we've got people who have traditionally been our allies in trying to maintain the peace in turkey, in tunisia, in egypt that now are encouraging the things that clearly will not keep the peace if hamas is allowed to continue to do what israel can't, frankly, allow it, candy, to continue to do. >> let me add in the other element here, and that's iran. is iran arming hamas? we know where these weapons are coming in. iran says they're not, but is there evidence to the contrary, is iran involved in the arming of hamas and what seems to be a little bit at least of increased capacity with these mis
though the egyptian government never told the people of egypt how important this was to maintain this peaceful relationship, and we don't have that right now. i think the prime minister of egypt -- not morsi, but the prime minister went to gaza, high-ranking person went to gaza last week, met with them. they've expressed all kinds of sympathy. certainly the senate passed a resolution last week unanimously that's in line with what the congressman just said about the right to defend yourselves,...
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. >> you have added on to that the arab spring, which gave us new leadership in egypt. how scary is this that mohammed morsi will be a source for good. >> clearly they have a right to defend themselves, and they have to protect their citizens. we have to remember the united states it's as if washington d.c. was being attacked from the state of maryland. it's very, very serious what's happening there. i think as far as the arab spring, clearly the environment has changed, and i think the united states now is looking to morsi so look to hamas to get them to stop shooting. hopefully you can take advantage of the negative situation and start talking about peace. >> president morsi has his own problems at home too in terms of trying to be tough on hamas, which, after all, is part of the muslim brotherhood and the palestinians. do you think he can be helpful? has he been helpful? >> i don't know that he has. clearly we've benefitted from almost 40 years now of having peace partners between israel and egypt even though the egyptian government never told the people of egypt how
. >> you have added on to that the arab spring, which gave us new leadership in egypt. how scary is this that mohammed morsi will be a source for good. >> clearly they have a right to defend themselves, and they have to protect their citizens. we have to remember the united states it's as if washington d.c. was being attacked from the state of maryland. it's very, very serious what's happening there. i think as far as the arab spring, clearly the environment has changed, and i think...
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egypt has, in fact, i think hamas will go out. but if egyptians are telling hamas, we got the muslim brotherhood and egypt is telling hamas, we have to find a way out of this with some stability intact, that is a different outkom >> fareed, how do you see this? . >> no question, it's justified. the attacks were out of gaza by hamas, were completely -- they had gone crazy in temps of the scope, intensity, and hamas was openly taking credit for them, rather than disavowing them. the problem, netanyahu people, bibi and barack, they have a tactical approach. they are hitting back and remember, they have been trying the do this with israel has invaded gaza and they have economically choked gaza, and they have succeeded. they have overwhelming force. what is the strategy to deal with gaza? how does this help israel in its long-term strategy? how does it play out with the regional strategy where israel's relations with egypt have deteriorated. its relations with turkey have deteriorated, so no question it is justified, but the question i
egypt has, in fact, i think hamas will go out. but if egyptians are telling hamas, we got the muslim brotherhood and egypt is telling hamas, we have to find a way out of this with some stability intact, that is a different outkom >> fareed, how do you see this? . >> no question, it's justified. the attacks were out of gaza by hamas, were completely -- they had gone crazy in temps of the scope, intensity, and hamas was openly taking credit for them, rather than disavowing them. the...
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Nov 16, 2012
11/12
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egypt needs western money. european and importantly, united states money just to survive economically. the sense is i don't think any of these people want to go to a ground war. israel has an election in two months. they don't want dead soldiers. netanyahu doesn't want dead soldiers. egypt can't afford for things to go south for them as well. i get the feeling that everyone is waiting for a truce to come out to be brought up probably in egypt, and everyone can say they both won and go back to the highly unsatisfactory status quo. >> let's listen to one egyptian official what they believe could be a peace treaty. >> respecting the peace treaty does not mean they're indifferent what is going on along our borders, and what is touching our -- we cannot be indifferent to human suffering. so we are abiding by our obligations, but we are active to help establish real peace in the area. >> what do you make of that? >> we were saying before, there is a need for this truce to come out. i think there's probably being one
egypt needs western money. european and importantly, united states money just to survive economically. the sense is i don't think any of these people want to go to a ground war. israel has an election in two months. they don't want dead soldiers. netanyahu doesn't want dead soldiers. egypt can't afford for things to go south for them as well. i get the feeling that everyone is waiting for a truce to come out to be brought up probably in egypt, and everyone can say they both won and go back to...
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131
Nov 18, 2012
11/12
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there's a new key that's under way in egypt. this could be very crucial, very important. now the secretary general ban ki-moon is in cairo. so there's a lot of pressure, the u.s. would certainly like to see a cessation of hostilities, the israelis are anxious for that to happen. they want to see what's going on. one of the things that the israelis point out is that yes, hamas is in charge and they hold that group responsible. but there's other groups in gaza that may not completely been under the control of hamas. that could be one of the problems even though one of the -- saying hamas is responsibility for any rockets that come into israel right now. some of the civilian casualties we saw today, there will be a lot more if israeli tanks or armored personnel carries or israeli troops move into that heavily populated area, but they're saying and the prime minister said today, benjamin net tanya -- netanyahu. >> wolf blitzer -- president obama is monitoring the conflict in the middle east as he travels through asia. today in thailand, he said the u.s. will work with all par
there's a new key that's under way in egypt. this could be very crucial, very important. now the secretary general ban ki-moon is in cairo. so there's a lot of pressure, the u.s. would certainly like to see a cessation of hostilities, the israelis are anxious for that to happen. they want to see what's going on. one of the things that the israelis point out is that yes, hamas is in charge and they hold that group responsible. but there's other groups in gaza that may not completely been under...